Ethereum whale deposits 8,920 ETH into Binance, risking a $2.12M sell loss.Ethereum whale deposits 8,920 ETH into Binance, risking a $2.12M sell loss.

Ethereum Whale Moves 8,920 ETH to Binance

Ethereum Whale Moves 8,920 ETH to Binance
Key Points:
  • Main event focuses on a large ETH deposit.
  • Potential $2.12 million loss detected.
  • No institutional backing confirmed from primary sources.

A deposit of 8,920 ETH into Binance by a whale address could lead to a $2.12 million loss if sold. The address’s past withdrawals indicate an average acquisition cost of $3,024/ETH, with the wallet now nearly liquidated.

The whale’s action indicates heightened sell-side pressure, affecting ETH’s short-term market stability. Spot market and derivatives for ETH might face downside risk, impacting related trading pairs due to increased liquidity.

The Ethereum whale, labeled as 0x29F…335EF, has moved approximately $24.85 million worth of ETH to the Binance platform. On-chain intelligence highlights that selling the ETH would incur a loss of $2.12 million. This Ethereum whale transfer accumulated ETH at an average price of $3,024, is reportedly nearly liquidated after this deposit.

Increased spot market liquidity was noted following the sizable Ethereum deposit to Binance, contributing to potential ETH price drops. Historically, similar moves by large holders have led to ETH’s volatility. No official statements from exchange leads were issued regarding this specific case.

Analyst Ai Yi commented on the notable transaction, and data from platforms like Glassnode suggests short-term price dips could test ETH support at $2,700. Such moves typically increase selling pressure, affecting ETH market dynamics.

While on-chain data suggests robust ETH sell pressure, there is no sign of wider institutional withdrawals. This event, although noteworthy, aligns with earlier market behaviors seen during bear trends where large deposits precede high volatility for Ethereum.

The current whale movement may inadvertently influence financial and market trends, yet no direct action from regulatory bodies like the SEC or significant remarks from key crypto figures have surfaced. Attention remains on how this affects ETH prices and trading sentiment.

Market Opportunity
Ethereum Logo
Ethereum Price(ETH)
$2 973,41
$2 973,41$2 973,41
+1,53%
USD
Ethereum (ETH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

“Oversold” Solana Mirroring Previous Bottoms

“Oversold” Solana Mirroring Previous Bottoms

The post “Oversold” Solana Mirroring Previous Bottoms appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Major cryptocurrency Solana is currently wandering
Share
BitcoinEthereumNews2025/12/24 04:00
XRP Takes Hit as Whales Sell 1 Billion Coins, But Pro-Ripple Attorney Says XRP Will ‘Shock the World in 2026’

XRP Takes Hit as Whales Sell 1 Billion Coins, But Pro-Ripple Attorney Says XRP Will ‘Shock the World in 2026’

XRP is under pressure as broad market weakness and aggressive whale selling push the crypto into a deeper short-term decline. According to CoinMarketCap data, XRP
Share
Coinstats2025/12/24 03:56
UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
Share
BitcoinEthereumNews2025/09/17 23:52